Abstract
The economic and financial crisis, which started in the United States in September 2008, has rattled markets and economiesdeveloped, developing and underdeveloped around the globe, and because the world is linked inextricably by globalization the crisis hascontinued to dominate discussions on global economy. Many countries are experiencing severe closure of companies, loss of jobs, crash ofshare prices, squeeze in consumer credit facilities, crumbling mortgage facilities among others. In the case of the developing countries ofwhich Nigeria is one, the implications are noticeable in the areas of crash in share prices, dwindling revenues, few direct investments fromdeveloped countries, dwindling remittances from Nigerians abroad and possible erosion of foreign resources among others. This papertherefore provides a clarification of the term Global Economic Meltdown, the causes and the performance of the insurance Industry underthis situation and the implication for career opportunities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
